TD Securities Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Enerflex (TSE:EFX) had its target price upped by TD Securities from C$19.00 to C$23.00 in a research note published on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. Desjardins lifted their price target on shares of Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a report on Monday, October 20th. BMO Capital Markets lifted their price target on shares of Enerflex from C$18.00 to C$20.00 in a research note on Friday, October 10th. Raymond James Financial increased their price objective on shares of Enerflex from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Friday. ATB Capital raised their price objective on shares of Enerflex from C$19.50 to C$23.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Royal Bank Of Canada upped their target price on Enerflex from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$19.86.

Enerflex Price Performance

EFX traded down C$0.08 on Friday, hitting C$18.81. 638,623 shares of the company’s stock traded hands, compared to its average volume of 481,200. The company’s 50 day simple moving average is C$15.71 and its 200-day simple moving average is C$12.54. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27. Enerflex has a one year low of C$8.74 and a one year high of C$19.40. The firm has a market cap of C$2.30 billion, a price-to-earnings ratio of 18.09 and a beta of 2.28.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, December 1st will be issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, November 17th. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s dividend payout ratio (DPR) is 9.50%.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression.